Indian equity markets are likely to begin the session on a cautious note, mirroring weakness in U.S. equities and subdued sentiment across Asian markets. Persistent geopolitical tensions in the Middle East continue to keep crude oil prices elevated, heightening concerns over renewed global inflationary pressures and the possibility of tighter monetary policy conditions ahead. As a result, global investor sentiment remains cautious, with market participants expected to maintain a measured and risk-averse stance in the near term.

Nifty 50

Nifty 50 is showing early signs of stabilization following the recent rebound from lower levels; however, the index continues to face resistance around the 24,900–25,000 zone, which remains a key barrier for further upside. A sustained move above 25,000 would strengthen the near-term technical structure and could potentially open the path toward 25,300–25,500.

On the downside, 24,650 is placed as the immediate support level, followed by a stronger support zone around 24,530–24,500, where buying interest had previously emerged. Momentum indicators remain relatively subdued, with the RSI near 38, reflecting weak momentum, while the MACD remains in negative territory, suggesting that broader trend confirmation is still pending. Although the rebound has improved the short-term structure slightly, sustained buying momentum is required to confirm a stronger recovery. Until then, the index is likely to move in a consolidation phase with a cautious undertone.

Bank Nifty

Bank Nifty managed to hold above the 59,000 zone, indicating signs of stability after the recent decline. Sustaining above this level could support a technical bounce toward 60,000, with intermediate resistance placed around 59,300–59,500. However, a decisive close above 60,000 would be required to significantly improve the near-term technical structure and signal stronger recovery momentum.

On the downside, a break below 58,000 could extend the weakness toward the 57,800 level. Momentum indicators are showing mild improvement, with the RSI around 39, while the MACD continues to remain in negative territory, indicating that underlying pressure still persists. In the near term, the index is expected to trade within a choppy range, with recovery attempts dependent on sustained buying interest above the 59,000 mark.